Trump Tariff Threat on China Sends Bitcoin Tumbling Below $119K

The recent threat of tariffs on China issued by former President Donald Trump has caused significant turmoil in the financial markets, leading to a sharp decline in the value of Bitcoin, which has now fallen below the crucial threshold of $119,000. This unexpected development highlights the intricate relationship between political decisions and cryptocurrency values, as investors react to potential economic implications stemming from trade tensions between the two countries. source: https://www.coindesk.com/markets/2025/10/10/trump-tariff-threat-on-china-sends-bitcoin-tumbling-below-usd119k